Sonoco (NYSE: SON) officer exercises rights and sells small share block
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products executive James A. Harrell III, President of Global Industrial Paper Packaging, exercised stock appreciation rights into 112 shares of common stock at $40.41 per share. On the same day, he sold 20 shares at $57.835 per share in an open-market transaction and disposed of 92 shares at $57.99 per share to cover tax obligations related to the exercise. Following these transactions, he directly owned 54,405 shares of Sonoco Products common stock and indirectly held 3,316.3074 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20 shares ($1,157)
Net Sell
5 txns
Insider
Harrell James A. III
Role
Pres. Global Ind. Paper Pkg.
Sold
20 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 112 | $0.00 | -- |
| Exercise | Common Stock | 112 | $40.41 | $5K |
| Sale | Common Stock | 20 | $57.835 | $1K |
| Tax Withholding | Common Stock | 92 | $57.99 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 0 shares (Direct);
Common Stock — 54,517 shares (Direct);
Common Stock — 3,316.307 shares (Indirect, By 401k)
Footnotes (1)
FAQ
What insider transactions did Sonoco (SON) executive James A. Harrell III report?
James A. Harrell III exercised stock appreciation rights for 112 Sonoco shares, then sold 20 shares in the open market and disposed of 92 shares to satisfy taxes. These moves adjusted his holdings but primarily reflected an option exercise and related tax withholding.
At what prices did the Sonoco (SON) insider transactions occur on this Form 4?
The stock appreciation rights were exercised at $40.41 per share, creating 112 common shares. Subsequently, 20 shares were sold at $57.835 per share, and 92 shares were disposed of at $57.99 per share to satisfy tax obligations related to the derivative exercise.
Does the Sonoco (SON) Form 4 show a net buy or net sell by James A. Harrell III?
The filing shows a small net sell of 20 shares when comparing open-market sales to purchases. However, most activity reflects exercising stock appreciation rights and related tax withholding, rather than a significant change in his overall economic exposure.
What role does James A. Harrell III hold at Sonoco (SON) in this Form 4?
He is identified as an officer of Sonoco Products, serving as President, Global Industrial Paper Packaging. The reported transactions therefore relate to equity compensation and holdings associated with his senior leadership position at the company.